forex transaction
However, Euro and GBP recovered soon because ECB and BOE earlier kept their interest rate unchanged and BOE decided to carry on asset purchasing at current level of 375 billion although these figures were not unexpected. News and bets about tapering kept market moving for long time. The favorable economic indicators like NFP of 203K, third Quarter GDP far better than expectation of 3. 6% additionally decrease in applicants from 320,000 to 298,000 filing for unemployment claims that is close to 6 Years low results and ADP employment change of 215 K as compare to excepted figure of 170 K might more tending to cut pace of $85 billion bond buying. These positive indicators boost taper bets which support demand for US Dollar. Denis Lockhart, Federal Reserve president of Atlanta branch told reporters last week:” the outlook for the economy justifies the consideration” of tapering. Lockhart also commented that stimulus could be softened “during the next few meetings”. These comments along with the key economic indicators were interpreted as to increase the likelihood that Fed officials are expected to conclude start tapering the bond buying in next FOMC meeting due to be held on December 18, 2013. ForexPunch has a library of wide range for forex articles written by professional and experienced forex market analysts and traders. The objective of this section is to keep you update about recent developments in forex market, and to share strategies and experiences of analysts, strategists, and successful traders. You can improve your understanding level and become a successful trader by reading free articles from this section.
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The most common way is to simply buy and sell currency pairs, much in the same way most individuals buy and sell stocks.
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At any point in time, you will always find an overlap of a new market session while the previous market closes.
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forex transaction